Freya Cultivation Systems funding news -Lithuania-based Freya Cultivation Systems has Raised €500k in Seed Funding
Dec 16, 2024 | By Kailee Rainse
Agritech company Freya Cultivation Systems has raised €500,000 in Seed funding. The company boosts greenhouse productivity through innovative cultivation techniques.
Founded in 2018 by Gediminas Kudirka, a PhD in agronomy, Freya focuses on growing plants in fog, a method that has made him one of the top experts in this field.
Freya Cultivation Systems main product, The Aeroframe, is a plant-growing system for commercial greenhouses. It uses 3D growing surfaces, doubling the usable cultivation area and helping growers triple their profits by lowering per-plant costs.
The Aeroframe can increase crop yields, such as strawberries, lettuce, herbs, and tomatoes, by up to twice the amount of current systems.
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CEO Lukas Bartusevicius asserts that as the global demand for fresh vegetables exceeds the supply capacity of field agriculture, the need for greenhouse-grown vegetables is steadily rising: "Currently, a quarter of the fresh vegetables on the retail floor are produced in greenhouses. Freya will help growers achieve groundbreaking yield improvements."
Aim of the company
The company aims to create a strong innovation ecosystem for Lithuania's Controlled Environment Agriculture (CEA). Freya has completed several pilot projects using its titanium ultrasonic irrigators, which turn nutrient solutions into fine mist with the perfect-sized droplets.
Freya Cultivation Systems technology is currently being used to grow tomatoes in a World Bank-funded project in Djibouti, East Africa. It’s also being used by a biotech company in South Africa and is being tested by a space agency.
Gediminas Kudirka, PhD in Agronomy and founder of Freya said, "Growing plants in fog is one of the most effective and efficient methods of cultivation. While this has been known for a long time, widespread adoption has been hindered by the limitations of existing technology. I am thrilled to unlock the biological potential of plants in a fog environment using our patented cultivation technology,".
Coinvest Capital and BSV Ventures, along with companies Sofigama and Zunami Oy, managed by investors Paulius Vilemas and Marko Lehtovaara, took part in the funding round.
According to Viktorija Trimbel, Director of Coinvest Capital: "This project combines elements rarely funded by generalist investors – deep technology, hardware, and agricultural production – yet the Freya team has successfully integrated them into a highly effective solution."
Freya plans to showcase and validate the benefits of the Aeroframe system to smart farm owners and operators from Central and Western Europe, the USA, Canada, and Japan in a newly planned demonstrator greenhouse while the system will undergo further development and automation, incorporating advanced seeding and harvesting technologies.
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About Freya Cultivation Systems
Freya Cultivation Systems is an AgTech company based in Lithuania, focused on transforming Controlled Environment Agriculture (CEA). Founded in 2019 by a team of young scientists, Freya has quickly become a leader in precision irrigation technology, aiming to create sustainable, high-yield solutions for modern greenhouses.